$6 billion Linux deal? SUSE IPO rumored
According to Bloomberg, EQT is planning an IPO for German Linux and enterprise software company SUSE. EQT is a Swedish-based private equity firm with €50 billion in raised capital. SUSE is the leading European Union (EU) Linux distributor.
Over the years, SUSE has changed owners several times. First, it was acquired by Novell in 2004. Then, Attachmate, with some Microsoft funding, bought Novell and SUSE in 2010. This was followed in 2014 when Micro Focus purchased Attachmate and SUSE was spun off as an independent division. Then, EQT purchased SUSE from Micro Focus for $2.5 billion in March 2019.
With an IPO of approximately $6 billion, EQT would do very well for itself in very little time.
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The original report
EQT Said to Plan IPO of $6 Billion Software Developer SUSE
Report claims SUSE may be considering an IPO in 2021
Report claims SUSE may be considering an IPO in 2021